Overview
What is Transaction Record Analysis Center Inc?
Transaction Record Analysis Center Inc is a nonprofit organization situated in Phoenix, Arizona. Their primary focus is to educate law enforcement agencies and relevant industries about anti-money laundering techniques and trends. By providing knowledge and insights into money laundering methods, they aim to empower these entities to combat financial crimes more effectively. The organization's mission is a crucial contribution to maintaining the integrity of financial systems and combating illegal activities.
What are the reviews and ratings of this charity?
Charity Navigator Rating: Zero-Star out of Four Stars (39%)
Transaction Record Analysis Center Inc has received a Zero-Star rating from Charity Navigator, signifying significant concerns regarding its accountability and financial practices. The overall score is primarily affected by the lack of independent board members and the absence of essential financial documentation. Key metrics like the independent board size and financial statements scored zero, indicating a lack of governance and transparency.
Despite these shortcomings, the organization has demonstrated a positive program expense ratio of 70.06%, suggesting that a substantial portion of its expenditures is directed towards its programs. Additionally, it has a conflict of interest policy in place, which reflects some level of governance, although other critical policies such as whistleblower and document retention policies are missing.
Overall, while Transaction Record Analysis Center Inc shows some commitment to its programs, the glaring deficiencies in governance and financial transparency raise serious questions about its operational integrity. Potential donors and stakeholders should exercise caution and seek further information before engaging with the organization.
This AI summary has been generated from information found on Charity Navigator.
Is Transaction Record Analysis Center Inc legitimate?
Transaction Record Analysis Center Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Transaction Record Analysis Center Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $509,410
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of Transaction Record Analysis Center Inc?
Transaction Record Analysis Center Inc's mission is centered around educating both law enforcement and the industry on the intricacies and evolving trends of money laundering techniques. Their primary goal is to equip these entities with the necessary knowledge to implement effective anti-money laundering strategies. By doing so, they aim to contribute to a more secure financial landscape, free from the influence of illicit funds. The organization's activities primarily involve providing educational resources and training programs to help combat money laundering activities.
Who is the CEO of Transaction Record Analysis Center Inc?
Richard Lebel is the President of Transaction Record Analysis Center Inc.
What is the revenue of Transaction Record Analysis Center Inc?
Transaction Record Analysis Center Inc's revenue in 2022 was $2,570,024.
Who are the executives of Transaction Record Analysis Center Inc and what are their salaries?
Here are 7 key members and their salaries:
- Compensation: $193,828
- Related: $0
- Other: $0
- Compensation: $160,931
- Related: $0
- Other: $0
- Compensation: $154,651
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Transaction Record Analysis Center Inc?
Transaction Record Analysis Center Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Transaction Record Analysis Center Inc
Transaction Record Analysis Center Inc, as its name suggests, is dedicated to educating both law enforcement and the industry about the techniques and trends associated with money laundering. Its primary mission is to equip these entities with the necessary knowledge to effectively implement anti-money laundering strategies. By doing so, the center aims to contribute to the broader effort of combating financial crimes and promoting transparency in financial transactions.
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Impact
July, 2024
Transaction Record Analysis Center Inc's impact lies in its crucial role in educating law enforcement and industry professionals on money laundering techniques and trends. By providing this valuable knowledge and guidance, the organization empowers these individuals to effectively implement anti-money laundering measures. Through its efforts, Transaction Record Analysis Center Inc plays a significant role in the fight against financial crimes and contributes to enhancing the overall integrity of the financial system.
This information is meant to be a general summary of Transaction Record Analysis Center Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $14,647
- Program Service Revenue: $2,555,377
- Gross Receipts: $2,570,024
Assets and Liabilities:
- Total Assets: $2,212,485
- Total Liabilities: $1,986,358
- Net Assets: $226,127
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
REIMBURSEMENTS
Revenue
$2,555,377
Organization Details
Founding Year
2015
Phone
(602) 625-1679Principal Officer
Richard Lebel
Main Address
PO BOX 64088, PHOENIX, AZ, 85082
NTEE Category
Code: I20 - Crime
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